“This is a significant milestone for Mattioli Woods, marking the next phase of development for the group. We are delighted with the positive response from our existing clients and strong demand from new investors. The interest shown is a great endorsement of both the investment proposition and investors’ confidence in the expertise and strong track record of our property investment business.”

Custodian REIT has today acquired an initial portfolio of 48 properties, valued at over £95 million (excluding associated borrowings), split across all property sectors and 90 separate tenancies. The fund will use the £55 million of new funds raised to invest in a diversified portfolio of commercial real estate opportunities. Custodian Capital has been appointed as the discretionary investment manager to Custodian REIT.

“The new funds raised will allow Custodian REIT to take advantage of a pipeline of opportunities to grow its diverse property portfolio. We are focused on delivering an attractive level of income together with the potential for capital growth from a balanced portfolio of real estate assets”.

Custodian REIT will target an annualised dividend yield, payable quarterly, of 5.25% in respect of the financial year ending 31 March 2015 and 6.25% thereafter, each by reference to the issue price.